IMO the smart money has already exited MPIX and the only people left are people who have bought at much higher prices and who have continued to buy more in an attempt to average down. Same thing happened to EMXC. People get conditioned to keep buying at lower and lower prices hoping for a bounce that never comes and they're trapped as even bigger bag holders. Dollar cost averaging often makes sense in quality companies but IMO its foolish in garbage companies. Roxy has already wiped out EMAX shareholders, and now is doing the same to MPIX shareholders. Why those still in denial don't realize this fact I don't know. I attribute it to people's own sense of ego, and that is most people just naturally have a difficult time accepting that they were wrong and had a lapse of judgement. People just need to realize that even the very best investors make errors in judgement, but the best investors also realize when they have errored and know to cut their losses instead of multiplying their faulty exposure.
